Re: Best Index Investment Strategy?
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muni coupons can be triple-tax-free, which is a huge boost to returns if you live in a locality with high state and/or city taxes.
i think this might be moot if you are in the amt, but if you have enough investments for this to be a big issue, you should be asking a tax attorney or a real financial adviser or something.
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Only municipal bonds that are for "private use" are taxable for AMT purposes. So, a muni bond for the state, or a locality, or for highways, and so on are not taxable for AMT. But, bonds that are to build a stadium or things like that are taxable for AMT purposes.
I don't think you would need a "tax attorney" but an accountant should know about this.
-Tom
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